Lender Draw Schedule Builder and Draw Tracking
planned

Dave Robertson
Problem:
House flippers relying on hard money lenders often face a cumbersome process when requesting loan draws. Lenders typically require detailed expense lists, receipt backups, and proof of completed work (photos). Currently, users must manually compile this information, leading to time-consuming administrative tasks and potential delays in receiving funds.
Solution:
We propose integrating a 'Loan Draw Tracker' directly into FlipperForce's Expense Tracker. This feature will allow users to easily tag individual expenses to specific draw requests (e.g., Draw #1, Draw #2). Upon tagging, the system will automatically generate a comprehensive report that includes:
- A detailed list of tagged expenses.
- Associated receipt images.
- An option to upload photos demonstrating completed work.
Additionally, a dedicated 'Draw Dashboard' will provide an overview of:
- The original budget for each draw.
- The total amount spent to date.
- The amount drawn to date.
- The remaining balance for each draw.
This dashboard will offer real-time visibility into the loan draw process, enabling users to track their progress and manage their finances more effectively.
Benefits:
- Simplified Draw Requests: Generate lender-ready reports with just a few clicks.
- Faster Reimbursements: Streamline the documentation process, reducing delays in receiving funds.
- Improved Financial Tracking: Gain real-time insights into draw progress and budget adherence.
- Enhanced Lender Communication: Provide clear and organized documentation to build trust and transparency.
- Better project financial oversight: by keeping track of the budget, spending and remaining funds.

Dave Robertson
We are currently making improvements to our Expense Tracker feature, and we are wanting to add a new "Draw" column which you can use to tag individual expenses to a Draw # to create a draw request and track what items have been reimbursed.
This information will create a Draw Request report where there will be a list of expenses, receipt backup and potentially even photo uploads.
This will provide a lender everything they need to provide proof of work completed, so you can get your draws as quickly as possible.
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Dave Robertson
We are currently making improvements to our Expense Tracker feature, and we are wanting to add a new "Draw" column which you can use to tag individual expenses to a Draw # to create a draw request and track what items have been reimbursed.
This information will create a Draw Request report where there will be a list of expenses, receipt backup and potentially even photo uploads.
This will provide a lender everything they need to provide proof of work completed, so you can get your draws as quickly as possible.
T
Trevor Wilcox
Is there any update on the progress of this? This would be super helpful
B
Brad Holcman
This would be super helpful. And agree with Manolo - calculating interest on HML''s for me is when I draw the simple interest only starts.

Dave Robertson
planned

Manolo Diaz-Marta
Any tools to integrate with HML processes would be very helpful! From calculating interest with their various fee structures, to simplifying the Draw Process.